Corporate Carbon Neutrality: Strategic Options, Action Framework, and Best Practices

The report examines decarbonization efforts in heavy industry, noting that as of May 2023, companies with carbon neutrality targets cover between 18% and 31% of emissions in the steel, cement, petrochemicals, and aluminum sectors globally. It introduces the PTAM framework to evaluate performance and targets, and recommends six specific actions for Chinese state-owned enterprises to accelerate their transition to zero-carbon operations.

• As of May 2023, the proportion of industry emissions covered by companies with carbon neutrality targets varies by sector: 31% for steel, 21% for aluminum, and 18% each for cement and petrochemicals and chemicals.
• Since China announced its national commitment to reach carbon neutrality by 2060, over 30 state-owned enterprises (SOEs) within the heavy industry sectors have established carbon targets.
• The report recommends six strategic actions for Chinese SOEs to accelerate their zero-carbon transition: establishing emissions targets and roadmaps, improving carbon accounting and databases, creating value chain synergies, increasing R&D and cooperation, speeding up the carbon market, and developing low-carbon infrastructure.

APA

RMI (2023). Corporate Carbon Neutrality: Strategic Options, Action Framework, and Best Practices. https://rmi.org/resources/corporate-carbon-neutrality-strategic-options-action-framework-and-best-practices/

Chicago

RMI. Corporate Carbon Neutrality: Strategic Options, Action Framework, and Best Practices. 2023. https://rmi.org/resources/corporate-carbon-neutrality-strategic-options-action-framework-and-best-practices/.

Wikipedia

{{cite report |author=RMI |title=Corporate Carbon Neutrality: Strategic Options, Action Framework, and Best Practices |date=30 November 2023 |url=https://rmi.org/resources/corporate-carbon-neutrality-strategic-options-action-framework-and-best-practices/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2023corporate, author = {{RMI}}, title = {{Corporate Carbon Neutrality: Strategic Options, Action Framework, and Best Practices}}, institution = {RMI}, year = {2023}, month = nov, url = {https://rmi.org/resources/corporate-carbon-neutrality-strategic-options-action-framework-and-best-practices/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }